The Impact of Performance Reporting on Investment Behavior: Evidence from Disclosure Reform in the U.K.

I appreciate helpful comments and suggestions from Steven Young, Igor Goncharov, Jae Hwan Ahn, Mahmoud Gad, Thomas Bourveau, Matthias Breuer, Hans Christensen, Martin Jacob, Edward Lee, Junqi Liu, Niklas Meyer, Maximilian Müller, Jonathan Sangwook Nam, and seminar participants at City, University of London, University of Sussex, The University of Manchester, University of Reading, University of Liverpool, The Hong Kong Polytechnic University, The Chinese University of Hong Kong, the 2022 American Accounting Association (AAA) Financial Accounting and Reporting Section Midyear Meeting, the Columbia University Burton Accounting Conference, the 2021 AAA Annual Meeting, the 2021 European Accounting Association (EAA) Doctoral Colloquium, the 2021 EAA Annual Congress, the 2021 XV International Accounting Symposium, and the Lancaster University Management School/Toulouse School of Management/WHU–Otto Beisheim School of Management Doctoral Workshop.

Gitae Park, City, University of London, Bayes Business School, Faculty of Finance, London, United Kingdom.

Editor’s note: Accepted by Sarah L. C. Zechman, under the Senior Editorship of W. Robert Knechel.